financetom
Technology
financetom
/
Technology
/
China urges US to 'immediately' lift all tariffs on Chinese goods
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China urges US to 'immediately' lift all tariffs on Chinese goods
Sep 5, 2024 1:43 AM

BEIJING (Reuters) - The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items, including electric vehicles.

The U.S. is expected to make its final determination in the coming days after delaying a decision twice, as it continued to review proposed modifications to levies on Chinese goods imposed under former president Donald Trump in 2018 and 2019.

Initially, the higher duties of 100% on EVs, 50% on semiconductors and solar cells, and 25% on lithium-ion batteries and key minerals, steel and aluminium, ship-to-shore cranes and syringes were due to take effect on Aug. 1.

But the U.S. Trade Representative's Office on July 30 delayed implementation, saying it needed more time to study more than 1,100 public comments from industry. It set a new deadline of Aug. 31, which was further delayed by another deferment.

The latest delay came after White House National Security adviser Jake Sullivan held several days of talks in Beijing, including a meeting with Chinese President Xi Jinping where both sides emphasised the need to manage the U.S.-China relationship.

Imposing tariffs on Chinese goods is "adding insult to injury," Chinese commerce ministry spokesperson He Yongqian said at a regular news conference on Thursday.

"China has made solemn representations to the United States on the issue of the 301 tariffs many times."

A China-U.S. commerce and trade working group is due to hold a second meeting in the northern Chinese city of Tianjin on Sept. 7. The first was held in April.

The two sides are expected to have in-depth talks on a wide range of topics including their respective concerns about economic and trade policies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Simplify Group Launches Simplify Ventures: Capital Backed by a Proven Operational Ecosystem
Simplify Group Launches Simplify Ventures: Capital Backed by a Proven Operational Ecosystem
Mar 23, 2026
New operator-led venture firm deploys enterprise-grade infrastructure alongside capital, enabling early-stage founders to focus entirely on innovation AURORA, Ill.--(BUSINESS WIRE)-- Simplify Group today announced the launch of Simplify Ventures, an operator-led venture capital firm that pairs early-stage capital with the full operational infrastructure of a 17-year enterprise technology ecosystem. Portfolio companies gain immediate access to embedded teams across technology, cybersecurity,...
Singlewire Software to Showcase InformaCast Wearable Alert Badge at ISC West 2026
Singlewire Software to Showcase InformaCast Wearable Alert Badge at ISC West 2026
Mar 23, 2026
Latest wearable technology helps schools meet rising expectations for faster incident communications and responses MADISON, Wis., March 23, 2026 /PRNewswire/ -- Singlewire Software, a leader in solutions that help keep people safe and informed, today announced it will showcase its latest product, the InformaCast Wearable Alert Badge at ISC West 2026.   In a crisis, a teacher's focus should be on...
Hitem3D v2.0 Debuts as Image-to-3D Platforms Diverge by Production Readiness
Hitem3D v2.0 Debuts as Image-to-3D Platforms Diverge by Production Readiness
Mar 23, 2026
SINGAPORE, March 23, 2026 /PRNewswire/ -- Math Magic recently introduced Hitem3D v2.0, the newest version of its AI-powered image-to-3D platform, as image-based 3D generation tools increasingly differentiate themselves by production readiness and workflow focus. The update aims to streamline photo-to-model conversion while maintaining compatibility with professional production environments. Hitem3D's latest release emphasizes fabrication readiness, with integrated geometry and texture generation within...
Brown and Caldwell Partners with Lantern to Expand Scalable, Digital Solutions and Support for Water Utilities
Brown and Caldwell Partners with Lantern to Expand Scalable, Digital Solutions and Support for Water Utilities
Mar 23, 2026
WALNUT CREEK, Calif., March 23, 2026 (GLOBE NEWSWIRE) -- Brown and Caldwell, a purpose-driven engineering consulting firm creating and delivering water and environmental solutions throughout North America and the Pacific, has formed a strategic partnership with data/AI consulting firm Lantern that gives water utilities access to advanced digital capabilities to optimize their operations and customer service. Water utilities increasingly rely...
Copyright 2023-2026 - www.financetom.com All Rights Reserved